Marketing

Tundra Energy Marketing Ltd. and CN, Canada’s national railway company, have signed a memorandum of understanding to build a crude oil car loading terminal in southwestern Manitoba, near the border with Saskatchewan, to serve Bakken oil producers in the two provinces, the companies said Thursday.

South Jersey Energy has bought the retail marketing book of Pennsylvania customers from CenterPoint Energy Services, acquiring “a strong book of business that fits well with its northeast footprint,” South Jersey said. The more than 1,000 commercial and industrial customers acquired are primarily retail natural gas sales within the utility service areas of UGI, Columbia Gas of Pennsylvania, PECO Energy and Equitable.”This sale was made possible by significant changes in Pennsylvania’s competitive landscape,” South Jersey said. “Natural gas production in the Marcellus Shale has expanded dramatically, and the state’s electricity market is fully deregulated. This market supports [parent company South Jersey’s Industries’] existing wholesale gas sales efforts in the Marcellus Shale.”

Beginning May 1, ConocoPhillips no longer will be among the ranks of the Big Oil integrated producers. Once Phillips 66, the refining and marketing arm, spins off, the Houston-based company will become the leading pure-play explorer in North America — a position it’s ready to handle, incoming CEO Ryan Lance said last week.

Beginning May 1, ConocoPhillips no longer will be among the ranks of the Big Oil integrated producers. Once Phillips 66, the refining and marketing arm, spins off, the Houston-based company will become the leading pure-play explorer in North America — a position it’s ready to handle, incoming CEO Ryan Lance said Monday.

Chevron U.S.A. Inc. and EQT Corp. marketing unit EQT Energy LLC have stepped up to be anchor shippers on Texas Eastern Transmission LP’s Texas Eastern Appalachia to Market (TEAM) 2014 expansion, Spectra Energy Corp.’s Texas Eastern said last week. The project is intended to deliver more Appalachian shale gas to markets in the Northeast, Midwest and southern United States.

Chevron U.S.A. Inc. and EQT Corp. marketing unit EQT Energy LLC have stepped up to be anchor shippers on Texas Eastern Transmission LP’s Texas Eastern Appalachia to Market (TEAM) 2014 expansion, Spectra Energy Corp.’s Texas Eastern said Thursday. The project is intended to deliver more Appalachian shale gas to markets in the Northeast, Midwest and southern United States.

The natural gas marketing unit of Delaware-based Chesapeake Utilities Corp. (CUC) and Wise Gas Inc. said Wednesday they plan to jointly develop a series of compressed natural gas (CNG) fueling stations in Florida and along the East Coast to serve both municipal and private-sector fleets.

Net Midstream’s Eagle Ford Midstream LP plans to construct a 105-mile, 24- and 30-inch diameter extension of its existing pipeline, supported by a long-term gas transportation agreement with Anadarko Petroleum Corp.

Augmented by more aggressive marketing from oil/gas producers, automakers, retailers and states, natural gas for transportation is beginning to get some real traction despite a defeat last week in the U.S. Senate of a national stimulus package for natural gas vehicles (NGV).